Jose Bustos of EY answered the following questions for BEPS Global Currents on August 21, 2017 regarding the OECD BEPS Multilateral Instrument (MLI): Q: The U.S. has decided not to sign the BEPS MLI for now. What impact may that have, if any, on U.S. tax treaties overall? A: First, it is important to … Read More

Customs audits can be a stressful and an expensive process for the import and export operations. Oftentimes, companies are caught by surprise and are unprepared to respond to the many documentation demands from auditors, especially when it involves going back several years on transactions. This article will explore ways to help you better prepare for … Read More

On August 11, 2017, the U.S. Internal Revenue Service (IRS) issued Bulletin 2017-2 on its acceptance of Form 8975, Country-by-Country Report. Ultimate parent entities (UPEs) of U.S. multinational enterprise (MNE) groups with $850 million or more of revenues in a previous annual reporting period can now file Read More

One of the most common questions about State and Local Tax facing anyone doing business in multiple locations is whether they even have to collect a state’s sales tax in the first place. The short answer, but not necessarily a clarifying answer, is that a business must collect sales tax when that business has nexus … Read More

Authored by Ruth Jeremiah Thomson Reuters wants to give all our customers important information about the Essential Services Assessment (ESA). Don’t know what that is? Not to worry because we have information on that too! Did you know that ESA is a specific tax replacement for Personal Property Tax for Eligible Personal Property? The Essential … Read More